Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for its first year of operations: Events Affecting Year 1: 1. Provided $210,000 of cleaning services on account. 2. Collected $157,500 cash from accounts receivable. 3. Pald salaries of $42,000 for the year. 4. Adjusted the accounts to reflect management's expectations that uncollectible accounts expense would be $1,900. The expense was determined using the percent of revenue method. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a balance sheet, and a statement of cash flows for Year 1. Complete this question by entering your answers in the tabs below. Red A Rog B1 Reg B2 Reg B3 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Not all cells require input.) Balance Sheet Liabilities Assets Equity Event ARTi. Complete this question by entering your answers in the tabs below. Reg A Reg 81 Reg B2 Req B3 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus siche Not all cells require input.) Balance Sheet Assets Liabilities Equity Event Account Titles for Retained Earnings NRV Retained Cash Accounts Receivable Earnings Year 1 2 3. 4. 0 Bal. 0+ 0 CROGA Req B1 > Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Prepare an income statement for Year 1. HOLMES CLEANING SERVICE Income Statement For the Year Ended December 31, Year 1 Operating expenses Total operating expenses 0 $ 0 Complete this question by entering your answers in the tabs below. Req A Req B1 Rea B2 Reg B3 Prepare a balance sheet for Year 1. HOLMES CLEANING SERVICE Balance Sheet As of December 31, Year 1 Assets 0 0 $ Total assets Liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 ( Req B1 Reg B3 > Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Prepare a statement of cash flows for Year 1. (Amounts to be deducted should be indicated with a minus sign.) HOLMES CLEANING SERVICE Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash 0 Ending cash balance 0